Amazon shares slide as $200 billion outlay fans fears over AI returns


Packages travel on a conveyor at the Amazon's fulfillment center in Robbinsville, New Jersey, U.S., November 27, 2023. REUTERS/Mike Segar

Feb 6 (Reuters) - ‌Amazon.com shares slid 9% on Friday after the company outlined a planned $200 billion capital outlay for the year, ‌stoking investor concerns about the scale of Big Tech's spending on artificial intelligence.

Amazon on Thursday joined rivals in ‌forecasting sharply higher expenditures this year, as U.S. tech giants now aim to pour more than $630 billion into datacenters and the AI chips that power them, an unprecedented level of investment.

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